The global energy transition displayed a stark duality in September 2025, as a record-breaking surge in solar power generation clashed with the stubborn persistence of coal consumption across major economies.  New data released by the International Energy Agency (IEA) reveals a complex landscape where rapid renewable deployment is racing to keep pace with rising demand and shifting weather patterns, challenging the linear narrative of decarbonization. Solar Ascendant: The New Heavyweight According to the report, total net electricity generation…

Russia could extend the ban on gasoline exports by the end of February from the current end-date December 31, 2025, state news agency TASS reported on Monday, quoting sources familiar with the discussions in the government.  Currently, Russia has a ban on gasoline exports and a ban on non-producers to export diesel by the end of the year. The ban on gasoline exports is in force for all market participants, including producers and traders, but it does not apply to supplies under bilateral government agreements.   The current ban on…

Russia could extend the ban on gasoline exports by the end of February from the current end-date December 31, 2025, state news agency TASS reported on Monday, quoting sources familiar with the discussions in the government.  Currently, Russia has a ban on gasoline exports and a ban on non-producers to export diesel by the end of the year. The ban on gasoline exports is in force for all market participants, including producers and traders, but it does not apply to supplies under bilateral government agreements.   The current ban on…

Russia could extend the ban on gasoline exports by the end of February from the current end-date December 31, 2025, state news agency TASS reported on Monday, quoting sources familiar with the discussions in the government.  Currently, Russia has a ban on gasoline exports and a ban on non-producers to export diesel by the end of the year. The ban on gasoline exports is in force for all market participants, including producers and traders, but it does not apply to supplies under bilateral government agreements.   The current ban on…

An oil tanker carrying crude from the Kurdistan Region of Iraq (KRI) unloaded its cargo at a U.S. port at the very end of last month – the first since the reopening of the critical Iraq-Turkey Pipeline (ITP) around two months ago. According to industry data, many more such cargoes are expected in the coming day, weeks, and months. Although the U.S. has a genuine use for the medium-heavy sour Iraqi Kurdish blend, these imports are about a lot more than oil and following the recent rocket attack on the KRI’s Khor Mor gas field, the timing…

The European Union on Monday slapped sanctions on nine entities and individuals for supporting Russia’s shadow fleet moving oil, as the bloc seeks to further restrict Moscow’s ability to generate revenues from energy exports.    The Council of the EU sanctioned five individuals and four entities responsible for supporting Russia’s shadow fleet and its value chain.     The designated individuals are businessmen directly or indirectly linked to Rosneft and Lukoil, which were sanctioned by the United…

In a remarkable turnaround, the tiny South American country of Guyana, once one of the continent’s poorest nations, now ranks among the world’s top 10 wealthiest countries by gross domestic product (GDP) per capita. In a mere decade, Guyana went from first discovery to be lifting nearly 900,000 barrels of crude oil per day from the prolific 6.6-million-acre Stabroek Block. This, despite the lopsided deal favoring the ExxonMobil-led consortium, which controls the oil acreage, has delivered a massive economic windfall. There are concerns…

The United States insists that the European Union exempt it from obligations to report data under the EU Methane Regulation until 2035, Reuters reported on Monday, citing a U.S. document circulated to EU governments. The U.S. and its gas industry have lobbied this year for repeal or significant amendments of the EU’s climate laws and regulations which, the U.S. says, threaten Europe’s energy supply and security. The EU Methane Regulation, effective from August 4, 2024, aims to reduce methane emissions from the energy sector. For imports,…